March 21, 2010 (FinancialWire) — Southern Michigan Bancorp, Inc. (OTCBB: SOMC) has declared a quarterly dividend of $0.05 per share on the outstanding shares of the corporation's stock. The dividend is payable on April 16, 2010 to shareholders of record April 5, 2010.  

Michigan-based Southern Michigan Bancorp is a bank holding company whose subsidiary bank, Southern Michigan Bank & Trust, has 18 branches within Branch, Calhoun, Cass, Hillsdale and St. Joseph Counties.

The company provides a range of consumer, business and wealth management services throughout the region.

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